Hotel room rates rising

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The cost of a hotel room varies widely in New York City. The Days Inn in Sunset Park, Brooklyn, charges $116 per night, while a premier suite at the Mandarin Oriental with a Central Park view will set you back $3,059 (plus 14.75% for city and state taxes). But the average daily rate has moved in tandem with occupancy rates over the past decade and is nearing the all-time high it reached before the financial crisis.